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Paraparaumu 5032


Trusts

Trusts are an increasingly popular way of protecting property and managing assets.

A trust is created when a person transfers property to people known as trustees. The way the trust property is to be dealt with is set out in a document known as the trust deed.

Trusts can be set up for charitable purposes, such as education, or established specifically for the benefit of the members of the family.

You may want to set up a trust for some of the following reasons:

  • To protect assets for family members;
  • To ensure certain assets are transferred intact to the next generation;
  • To make sure assets are retained for other family members when rest home or hospital care is needed;
  • To protect family members or a family business from possible relationship property claims;
  • To manage the assets of someone who is unable to manage their own affairs;
  • To split income or manage marginal tax rates;

Our experts have the training and experience to advise you on all trust matters. It is important that you understand your trust and that it fully meets your needs. A trust deed is an important legal document and you should obtain legal advice and assistance before establishing a trust.